Category archives for: Mining

Ghana: Lebanese Naji Khalil Faces Jail Over $140,000 GOLD FRAUD

Accra, Ghana, September 16, 2020//-A serial Lebanese Gold Fraudster, Naji Khalil, who is likely to face jail in Ghana is currently standing trial at a Circuit Court in Accra, Ghana West Africa.

World’s Five Largest Gold Producing Companies Hit $157.7bn in Market Cap

September 15, 2020//-Although the Covid-19 outbreak disrupted gold mine production and mineral exchanges, the stock price of the leading gold producing companies globally significantly increased in 2020.

10 Largest Sovereign Wealth Funds Control $5.7 Trillion with Majority Based in Asia

September 3, 2020//-Data presented by Buy Shares indicates the ten largest Sovereign Wealth Funds control assets worth  $5.7 trillion. The assets value was recorded as of July 2020. 

Global Demand for Investment Gold Jumped Almost 100% Year-on-year

September 2, 2020//-Unlike stock, banknotes, or other assets, gold has managed to maintain its value through the years, preserving the investors’ wealth, especially in times of turmoil in the financial markets.

Minority Leader:  Agyapa Deal A Grossly Inimical to the Interest of Ghana

Accra, Ghana, September 1, 2020//-Ghana’s Minority Leader, Haruna Iddrissu has taken a swipe at the Akufo-Addo-government for mortgage Ghana’s future mineral royalties in perpetuity to the controversial Agyapa Minerals Royalty Limited.

Elite Capture: A Major Threat to Ghana’s Extractive Sector

Accra, Ghana, August 31, 2020//-Ghana which is endowed with mineral resources such as gold, diamonds and manganese, oil and gas has benefited significantly less from the resources.

Ghana: Civil Society Organisations Demand Suspension of Agyapa Minerals Royalties Deal

Accra, Ghana, August 25, 2020//-The group under the banner name ‘Alliance of CSOs working on Extractives, Anti-Corruption and Good Governance’ are calling for a multi-stakeholder conference to re-look at the deal.

EU Project Combines Research and Business to Reshape Europe’s Mining Industry

August 20, 2020//-The European Commission has granted EUR 8.4 million to a three-year H2020 project that develops an artificial intelligence platform for the monitoring and analysis of mine sites across Europe.

Ghana: Israeli National, 2 Others Granted Bail Over Gold Theft

Accra, Ghana, August 18, 2020//-The Circuit Court in Accra has granted bail in the sum totaling eight million cedis (GHc8M) to three accused persons who have been arraigned for stealing 15kilogram (kg) of gold valued over GHc2 million.

Ghana: Tension Mounts in Mining Community Over Attempted Takeover

July 27, 2020//-The decision by Benviko Company Limited to forcefully take over a 75-acre mining concession belonging to Kaasmil Mining Company Limited with only a prospecting license with the support of the District Chief Executive and the Military has brought heavy tension at Tontokrom, a town in the Amansie South District of the Ashanti Region.

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